Bankrupt Frontier to cut workers' pay, benefits

Frontier Airlines employees will have salaries reduced 1%-10% based on salary range as the carrier tries to manage its way through the Chapter 11 restructuring process. In addition to the pay cuts, Frontier is suspending for now its match to employee 401k plans. In an internal memo obtained by Denver television station 9NEWS, CEO Sean Menke told workers that the pay cuts are needed to reduce the overall cost structure and attract new financing. "As a point of necessity, we are going to have ...

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